1024 W 42nd Pl
Los Angeles, CA, 90037
$599,900
MLS: DW26049012
Beds
2
Baths
1
Sq Ft
1,308
Lot
0.16 ac
Year Built
1909
MLS #
DW26049012
Days on Market
21
Listed
Mar 16, 2026
Description
Investor Special Near USC - High Upside Opportunity Attention investors and developers!!! Secure this value-add property in a prime location near USC with strong rental demand and long-term upside. This 2 Bed/1 bath home includes an additional unpermitted rear unit, offering excellent potential for added income. Property is being sold as-is. Situated in a high-demand rental area, this property is well-positioned for student housing, long-term rental, or future redevelopment. Buyer to verify all permits, usage and development possibilities. Important Notes: Tenants living on-site - DO NOT DISTURB! Sold strictly AS-IS with no repairs and with tenants included. Opportunities like this don't last, submit your offer today!
Location
Los Angeles, Los Angeles County, CA 90037
Open on Google Maps ↗Listed by: Jose Antonio Flores Hernandez · Century 21 Allstars
Payment estimate
$4,467
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $59,990 · Loan: $539,910
- Principal & Interest
- $3,317
- Property tax (1.25%)
- $625
- Homeowners insurance
- $300
- Mortgage insurance
- $225
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $20,997 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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